waldipup

How the U.S. Banking System Was Madoffed by the FASB

"Money supply increases when banks make more loans, and it contracts when loans are being pulled back. During the depression, money supply decreased by 37%, and unemployment rate spiked to 25%."

How much has the money supply been shrinking right now based on less current lending?

Separately , the marked to market rules are not that simple to quantify fairly .

How can you just ignore an inventory that is currently selling for half its former value?

How do you decide if it is a temporary "ignorable" drop , worthy of being overlooked per overall valuation accounting policy,

Or a valid long term revaluation (rangewise , anyway) ,

Making it fantasy to simply ignore it? .